Dow Jones Markets wins Euribor contract

US data vendor Dow Jones Markets has been chosen as the official collector, calculator and distributor of the euro interbank offered rate, or Euribor, the reference interest rate for the single European currency. The contract was awarded by the Fédération Bancaire de l'Union Européene (FBE) and Association Cambiste International.

Nikolaus Bömcke, secretary general of FBE, said DJM was selected because of 'its proven track record in publishing timely, accurate and reliable Ibor figures'.